Iron Condor
Greeks · 8 min

The volatility risk premium

Implied volatility usually overstates realised volatility. The gap is the income source of the entire short premium industry.

In this lesson

  • Where the premium comes from
  • Across underlyings the premium varies
  • Why it persists

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The complete lesson, with worked examples, callouts, and a quiz to test yourself, is in Iron Condor Options.

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